Avanti Helium (CVE:AVN) Shares Down 10.3% – Here’s What Happened

by · The Cerbat Gem

Avanti Helium Corp. (CVE:AVN – Get Free Report)’s share price traded down 10.3% during trading on Thursday . The stock traded as low as C$0.26 and last traded at C$0.26. 169,180 shares changed hands during mid-day trading, a decline of 58% from the average session volume of 402,301 shares. The stock had previously closed at C$0.29.

Avanti Helium Trading Up 3.8%

The business has a fifty day moving average price of C$0.18 and a two-hundred day moving average price of C$0.19. The company has a current ratio of 0.16, a quick ratio of 1.36 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of C$32.46 million, a PE ratio of -6.75 and a beta of 1.66.

Avanti Helium Company Profile

(Get Free Report)

Avanti Helium Corp. acquires, explores, and develops helium projects in Canada and the United States. The company's principal project is its 100% owned Greater Knappen Project, which covers an area of approximately 70,140 acres located in the Southern Alberta and Northwestern Montana. The company was formerly known as Avanti Energy Inc and changed its name to Avanti Helium Corp. in August 2022. Avanti Helium Corp. was incorporated in 2011 and is headquartered in Calgary, Canada.

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